Jinwu Financial News | Great Wall Motor (02333) announced that for the year ended December 31, 2023, net profit attributable to shareholders of the parent company recorded 7.022 billion yuan (RMB, same below), a year-on-year decrease of 15.06%. Basic income per share is $0.82, and a proposed cash dividend of $0.30 per share (tax included).
During the period, revenue was recorded at $173.112 billion, up 26.12% year on year. The automotive industry recorded revenue of 171,227 billion yuan, an increase of 27.1% over the previous year, and a gross margin of 18.78%.
Looking at the main business by product, automobile sales revenue recorded 15.3.279 billion yuan, a year-on-year increase of 25.75%, gross margin of 18.38%; revenue from sales of spare parts recorded 12.614 billion yuan, up 57.52% year-on-year, gross margin of 23.46%; mold and other revenue recorded 2.479 billion yuan, up 9.8% year-on-year, gross margin of 16.34%; revenue from provision of labor services recorded a year-on-year increase of 11.22%, and gross margin of 21.1%.
Looking at the main business by region, domestic revenue recorded 118.112 billion yuan, up 8.99% year on year, gross margin of 15.52%; foreign revenue recorded 53.114 billion yuan, up 101.53% year on year, and gross margin of 26.01%.
During the period, gross profit was recorded at $32.439 billion, an increase of 21.95% over the previous year. Gross margin was 18.73%, down 0.64 percentage points year over year.